32. Pass necessary in the books of Sumit & Co. within same state,
CGST 5%, SGST 5%
i) Purchase goods for Rs. 3,00,000 from Shyam
ii) Sold goods for 4,00,000 to Ram.
iii) Purchases furniture for house 10,000. Payment by cheque
iv)Rent of Rs. 2,000 paid by cheque.
v) Goods return by Shyam Rs. 5,000
vi)Adjustment made for payment of G.S.T
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A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.
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